Lu Guanqiu

Lu Guanqiu (simplified Chinese: 鲁冠球; traditional Chinese: 魯冠球; pinyin: Lǔ Guànqiú;17 January 1945 – 25 October 2017) was a Chinese billionaire entrepreneur, and the founder of Wanxiang Group. He was the 18th richest person in China, according to the Hurun Report China Rich List 2013,[2] the 286th richest person in the world,[3] and reportedly the richest person in Zhejiang Province. He was a delegate to the Chinese National People's Congress.[4]

In this Chinese name, the family name is Lu.
Lu Guanqiu
鲁冠球
Born(1945-01-17)17 January 1945
Hangzhou, Zhejiang
Died25 October 2017(2017-10-25) (aged 72)
Alma materZhejiang University
OccupationFounder & President
Wanxiang Group
Net worthUS$6.6 billion (October 2017)[1]
Children4

Early life

Lu was born in January 1945 in Yuhang District, Hangzhou, Zhejiang, into a peasant family. When he was 15 years old, he dropped out of school and became an ironsmith.

Career

In July 1969, he co-founded a factory with six other farmers, producing small agricultural machines.[5] Lu later developed his factory into the present Wanxiang Group. It eventually became a large manufacturing conglomerate and a leading producer of automobile facilities and components.[6]

Lu was the president of the board of the Wanxiang Group. Their headquarters are in Xiaoshan District, Hangzhou, Zhejiang. Lu was also a part-time professor for the EMBA program at Zhejiang University. He also was awarded an honorary doctorate from the Hong Kong Polytechnic University.

According to the Forbes China Rich List (福布斯中国富豪榜), Lu was ranked No. 33 with 13.13 billion Chinese Yuan (approximately US$ 1.87 billion).[7] Lu was the richest individual living in Zhejiang Province.[8]

Personal life

Lu was married, with four children, and lived in Hangzhou.[1] He died on 25 October 2017, aged 72.[9]

References
  1. "Lu Guanqiu". Forbes. Retrieved 25 October 2017.
  2. "Hurun Report Profile". hurun.net. Archived from the original on 11 August 2016. Retrieved 25 October 2017.
  3. "Hurun Report Global Rich List". hurun.net. Archived from the original on 8 August 2014. Retrieved 25 October 2017.
  4. Freeland, Chrystia (2013). Plutocrats : the rise of the new global super-rich. London: Penguin Books. p. 204. ISBN 9780141043425.
  5. 鲁冠球. sohu.com. Archived from the original on 16 July 2011. Retrieved 25 October 2017.
  6. 万向集团有限公司_明星公司_财经纵横_新浪网. finance.sina.com.cn. Retrieved 25 October 2017.
  7. 2007福布斯中国富豪榜. forbeschina.com. Archived from the original on 11 July 2008. Retrieved 25 October 2017.
  8. "Archived copy" 浙江大学 EMBA. zjuemba.org. Archived from the original on 15 August 2007. Retrieved 25 October 2017.CS1 maint: archived copy as title (link)
  9. "Entrepreneur Lu Guanqiu dies at 72 - Xinhua - English.news.cn". news.xinhuanet.com. Retrieved 25 October 2017.
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